This posting probably would be more appropriate on the Locatrix blog, but Wireless Developer Network has reported that TCS have acquired the assets of Autodesk’s former Location Services division, which had a brief life as privately-owned Location Logic.
The transaction is of interest in several ways. Firstly, I wondered if the private equity firms that acquired the assets from Autodesk earlier this year did well in their 4 months of ownership. Secondly, the revenues stated for Location Logic of US$18M ($5M EBIT), primarily from Sprint and Verizon, suggest that there’s still room for expansion in the sector.
And thirdly, it’s led me to wonder about the employees – I had quite a few friends at ADSK, and in 2006 was invited to sit on their developer advisory council. They were good folks – I hope they have found the new owners welcoming (but I’m noting that the release explicitly specified the acquisition of the assets of Location Logic, not the business itself).
I think I’ll go send a few e-mails.
Well, things work at Internet speed – about 3 minutes after I posted this LL’s CTO gave me a call. Sounds like they are getting themselves in shape for growth!